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and relatively wealthy russians. about a third of the deposits in cyprus we know are foreign. a large chunk of them are russian. russia didn't get the eurozone into this mess. russia has been there to help. >> cyprus knows having turned to russia for help, it's policy makers who are opposed to higher tax on higher earnings in those banks and it is to some extent an ironic legacy because it was russia's bank failures that made cyprus a part of russians keeping their money in safer places offshore and reinvesting when the appropriate time came and now it's the same crisis in the eurozone which is driving the pendulum back the other way. steve, can you give us a sense of what happens now in moscow? >> well, there's many, many ways that the russians could lose out on this under the current plan. the risk of default. risk of changes to domestic tax rates that we have been alluded to that are attractive for those russian companies in cyprus. in terms of the broader solution, whether it is just the changing of the terms of that 2.5 billion euro loan, an extension, another 5 billion which is sensib
Search Results 0 to 0 of about 1